QUESTION IMAGE
Question
select the correct answer from each drop - down menu.
anita is an entrepreneur who is interested in starting a hair salon. anita consulted her friend ali, who is a businessman, to get some business advice. ali advised anita to calculate the total capital she will need to raise. he advised her to choose a business location where she can find skilled labor and plenty of clients. he also advised her to figure out the drop - down menu options: demand, supply, total cost of ownership for every piece of equipment she buys for the salon.
For the third dropdown (the one with options demand, supply, total cost of ownership), when buying equipment for a business, calculating the total cost of ownership (which includes purchase price, maintenance, etc.) is relevant for financial planning. Demand relates to customer needs for services, supply to availability of goods, but for equipment, total cost of ownership is the right concept here.
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total cost of ownership